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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Greka Engineer. | GEL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| 0.00 | 0.00% | 0.85 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.85 | 0.85 |
| Top Posts |
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Posted at 28/1/2015 23:45 by caledoniaman1 Investment in infrastructure huge issue in the oil industry as the Saudis and OPEC squeeze the wannabees out of existance to control the price for as long as oil lasts - so GEL ideally placed to go bust ! |
Posted at 23/10/2014 17:48 by mangustona it is really a sad place to be. In theory GDG has a big fraction of over 1500 wells that need to be either converted to LiFaBri or taken over and to be operated by GDG...this shoul all spell business, cash flows and profits for GEL. This is the theory, the prcatice is the share price action |
Posted at 03/10/2014 14:16 by mangustona Bought some at 2p today. The results seem to be moving in the right direction although still in the red. As GDG progresses in taking operation of more and more wells this should be more business for GEL. Could be worth much more |
Posted at 13/12/2012 10:25 by au24 Glass Earth Gold (TSXV: GEL) today announces that it has closed the first tranche of its previously announced non-brokered Private Placement. A total of 18,501,000 Units have been sold at a price of $0.16 per unit for gross proceeds of C$2,960,160. The Company anticipates closing a further tranche shortly as Unit Subscription agreements for a further C$695,920 (4,349,500 Units) have been received and are being processed. Not surprising that GEL's share price has been dragged down of late. |
Posted at 29/8/2012 20:45 by stu31 Ross Louthean - 28 August 2012 The new gold discovery in Central Otago for Glass Earth Gold Ltd (TSX-V & NZAX: GEL) was aired during a geosciences session at yesterday's opening day of the AusIMM NZ Minerals Conference in Rotorua. Managing director Simon Henderson stood in for petrologist Anthony Coote to detail the progress being made on the Garibaldi prospect. This is situated roughly between the Macraes gold project and Alexandra in Central Otago. Henderson told NZResources.com that the likely search programme for the balance of this year would involve about 1,000 to 1,500 metres of drilling on the known structure to depths of about 50m. Drilling would proceed after the lambing season. While this was a hard rock target, he reminded delegates that historically 8 million ounces of gold has been produced from alluvials in Central Otago. The company now had three relatively small alluvial gold operations in the region from which it was seeking to produce more than 21 oz per week. He said Garibaldi lies within a geophysical domain of the Otago schist in which extensive positive magnetic field anomalism correlates directly with the distribution of magnetite-bearing mafic schist. Henderson said the estimated surface anomalism of gold soil anomalism, quartz veining and hydrothermal alteration on a key target had a strike of about 1,600 metres and was up to 300m wide. Within a 6.5 km by 2.5 km area there were five anomalous zones and east-west orientated quartz veins had shown individual grades ranging between 1-16 grams/tonne gold, while "inter-fingered mafic schist grades varied between 0.5-2.65 g/t gold. |
Posted at 08/8/2012 23:33 by stu31 Higher grade targets identified at WKPRoss Louthean - 8 August 2012 Operator for the exciting WKP gold discovery near Waihi, Newmont Waihi Gold, has been able to identify potential high grade zones at the prospect which may accelerate exploration. At the Diggers & Dealers Forum in Australia's gold capital of Kalgoorlie, Newmont Asia Pacific's senior vice president Jeff Huspeni told NZResources.com that recent diamond holes into the prospect had identified what could a feeder zone. There would now, he said, be a focus on adding grade to what appears to be a large system. Newmont owns 65% of WKP with the balance held by active New Zealand gold explorer Glass Earth Gold Ltd (NZAX & TSX-V: GEL). NZResources.com suggested to Huspeni that WKP was perhaps the most exciting emerging gold discovery in New Zealand. He did not disagree. |
Posted at 26/7/2012 21:32 by stu31 When Management of Glass Earth Gold Limited (TSXV: GEL) set up its roadmap for unveiling New Zealand‟s gold potential, it was determined to keep the momentum on its projects, regardless of market conditions. Its strategy would enable the Company to be partially self-financed and reduce the need for external sources of capital.Since 2009, the Company has run, together with a partner, a small production unit that has recovered gold from alluvial plains of the Otago region, producing modest cash flows. As financial market crises seemed to settle in as a new norm, the need to bring production to a higher gear was recognized. In 2012, Glass Earth Gold decided it was time to acquire full ownership of the production units, thereby bringing the production expertise in-house and managing its own results-oriented team. Since the purchase of a 100% stake in the gold recovery units, Glass Earth Gold‟s team has increased production to 42 ounces of gold a week (up from 7-12 oz/wk). The upcoming launch of a third gold recovery unit and the implementation of additional shifts are expected to drive production to 120 oz/wk by Q4 2012. As a result, cash flow from these production units should cover not only general and administrative expenses but also a portion of exploration costs. While this strategy was initially designed to develop an alternative source of capital, it has generated longer-term benefits for the Company. Simon Henderson, CEO of Glass Earth Gold, now believes that, with his team that boasts both exploration and production expertise, the Company is better prepared to facilitate the early development of new projects should the opportunity arise. Meanwhile, as planned, the momentum has been kept on hard rock exploration with a budget of $1.7 million committed to exploration for the year. In May, Glass Earth Gold released drill results for its 100%-owned Muirs Reef property which confirmed the continuity of the quartz veining as well as the breadth of lower grade material from surface. The team is encour-aged to pursue the ongoing program that will test the southern extensions of the quartz vein system mapped over 600 m from the surface outcropping veins. This should pro-vide sufficient information to produce a NI 43-101 compliant resource estimate by the end of 2012/Q1 2013. The same drive is also felt at WKP, a project Glass Earth owns 35% of in a joint venture with Newmont Mining Corporation. Drill results are expected to be released in Q3 2012. Additionally, new drill targets identified at Garibaldi in the South island are to be drilled in Q3/Q4 2012. Going forward, advancement on the projects will be partially supported by the cash flow from gold production. While the need for further financing cannot be ruled out, Glass Earth Gold now believes that it is better equipped to go to the markets on its own terms, for the benefit of its shareholders. |
Posted at 11/5/2012 15:14 by stu31 hir, another way to stay up with events on GEL is to email Jeanny So, CHF Investor Relations, jeanny@chfir.com to be put on their mailing list. They handle the company's publicity. |
Posted at 15/3/2012 19:06 by stu31 Wellington, New Zealand, Thursday 15th March, 2012Glass Earth Gold Limited (TSXV-GEL; NZAX-GEL) ("Glass Earth Gold" or "the Company") announces the purchase of its placer gold production joint venture partner, Goldmines New Zealand Limited, as well as the remaining 50% share of the joint venture's mining operator, Dunstan Mining Limited, in regards to the placer mining/exploration project located in Otago, New Zealand. On 15 March 2012, the Company entered into agreements to acquire full ownership of its placer joint venture and associated mining equipment. The transaction involves purchasing the 50% of shares in Dunstan Mining Limited (mining operator) that the Company did not already own, and 100% of the shares in Goldmines New Zealand Limited (the other 50% joint venture party). Taking full control of placer mining activities will enable the Company to significantly accelerate and increase production capacity. In 2011, the placer joint venture (then 50% Glass Earth Gold), contributed CAD$752,000 in gross revenue and CAD$274,000 in net revenue based on only one Gold Recovery Unit ("GRU") operating. The Company plans to commission a further GRU in Q2 and another in Q3. This together with 100% ownership and increase in throughput should enable the Company to achieve its previously articulated production goals. Consideration NZ$m CAD$m Issue of 2,188,184 shares of the Company Cash 0.5 0.4 Deferred cash (payable NZ$80k/month (CAD$65/month) for 25 months commencing July 1, 2012) 2.0 1.6 Total cash: $4.0 $3.2 |
Posted at 14/3/2012 13:48 by stu31 Wellington, New Zealand, Wednesday 14th March, 2012Glass Earth Gold Strikes High Grade Interval of 2m at 38.4g/t Gold and 49.2g/t Silver at Muirs Reef Gold Project Glass Earth Gold Limited (TSXV-GEL; NZAX-GEL) ("Glass Earth Gold") is pleased to announce results from ongoing drilling at its 100% owned Muirs Reef Gold Prospect in New Zealand. These results (shown in Table 1) are from MSDDH 09, the second of 17 diamond drill holes (~2,500m) planned to identify gold resources in an area known as Massey Reef, defining extensions to the known reef system both along strike north and south, and at depth. The programme commenced in November 2011 and will continue through 2012, and if successful is expected to produce data of sufficient density to model a gold resource to NI 43-101 standard. Simon Henderson, the Company's CEO and President, commented that "these results are very encouraging news for the project, and we are now moving to double-shifting on our rigs for the next holes." "Our exploration team is working hard to develop and evaluate the Massey Reef gold system the results so far show continuity and expand the system, and striking this high grade interval is a very promising sign." Table 1: Significant recent drilling results at Massey Reef, Muirs Project Drillhole ID From(m) To(m) Interval (m) Au g/t Ag g/t MSDDH 09 12 14 2 2.50 1.2 48 50 2 38.4 49.2 85 103 18 0.78 0.9 MSDDH 09 penetrated a highly altered andesitic volcanic unit with significant quartz veining and hydrothermal breccias, indicative of the upper levels of an epithermal gold system. The hole terminated at 191m. Drilling on the programme's third hole (MSDDH 10), 25m north of MSDDH 09, is ongoing. MSDDH 10 has intersected weathered and altered andesite with quartz veining (often in multiple phases) from 55m to 120m. Assays are pending. To view drillhole locations, please go to Following re-assaying, the Company also reports in Table 2 a variation to results previously reported for MSDDH 08 (on 27th January 2012). Glass Earth Gold has a QA/QC programme in place, which includes the insertion of certified blanks and gold standards randomly within every 30 samples tested. Table 2: Correction to drilling results at Massey Reef, Muirs Project Drillhole ID From To Interval m Au g/t Ag g/t MSDDH 08 22 39 17 1.58 1.7 (corrected) 22 39 17 1.71 1.8 The Massey Reef drilling programme follows completion of trenching last year that included significant surface results (reported in July and November 2011 respectively): MSTR 06 24m of 5.7g/t gold and 1.9g/t silver MSTR 13 10m of 3.1g/t gold and 1.7g/t silver Muirs Reef Gold Project The Company's Muirs Reef Gold Prospect lies 65 km southeast of the Martha Mine (Newmont Mining, 10 million ounce gold deposit) at the southern end of the Hauraki Goldfield. Two quartz reefs were mined within this epithermal system until the 1930s, with over 43,000 oz of gold extracted from shallow surface and underground workings. Massey Reef is part of the historical Muirs Reef gold mining area. Recent significant surface trenching results in outcropping and sub-cropping quartz veins are shown in Table 3. Trenching has demonstrated a 650m strike length of the surface mineralization, ample dimension to potentially host a significant gold resource. The current drilling programme is designed to identify the depth and strike extent of near surface gold mineralization and identify any further mineralization adjacent to known veins. |
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